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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER & SMIT Service code 26 · EIN 13-5674085 | Advisory (Participants) | $50,000 |
FGMK, LLC6 years Filed as: FGMK LLC Service code 10 · EIN 36-2929601 | Accounting | $17,449 |
Service code 37 · EIN 04-2647786 | Loan Processing | $565 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $257,310 | $65,125+295.1% | $143,797+78.9% | $66,949+284.3% |
| Participation rate | 79.8% | 65.2%+14.6pp | 80.3%-0.5pp | 69.8%+10.0pp |
| Annual return | 9.82% | -11.13%+20.9pp | -0.04%+9.9pp | 1.57%+8.2pp |
| Employer contribution / active EE | $5,204 | $2,362+120.3% | $4,952+5.1% | $2,545+104.5% |
| Participant deferral / active EE | $4,564 | $2,920+56.3% | $5,638-19.1% | $4,239+7.7% |
| Admin fee / account holder | $555 | $503+10.5% | $14,679-96.2% | $594-6.4% |